Trade Plan for 5/25-5/29

It's the last week to 'sell in May and go away.' Is that really a thing?

Last week I was looking for a flush to start the week because of the previous week’s price action. I noted both $NQ/Nasdaq futures supports for Monday and the weekly support as places for a bounce and specifically called for a long at weekly support:

We did see that flush early in the week and then on Monday $NQ bounced from 28814.75 vs my Monday support of 28818.00. 🎯 💰

The low for the week was 28663.00 vs my weekly long support of 28653.00. 🎯💰

I have been calling for a large imminent move in both precious metals and crude oil. Crude oil closed the week still in consolidation, but precious metals closed with a slight breakdown. 👀

Summary of Market Action Last Week:

· The indices dipped on Tuesday and that dip was bought into Friday. $RTY/small caps futures was the relative strength winner, followed by $NQ/Nasdaq futures and $ES/SPX futures lost ground on the week.

· Precious metals declined and continue to coil for a large move. $GDX/gold miners was the relative strength loser for the week for the second week in a row.

· $XOP/oil equities and $CL/Crude Oil futures declined, but continue to be within a tight weekly consolidation.

Here’s how last week closed out:

For the week ahead (5/25 – 5/29/26)